Franchises offer the first time business owner a proven and successful business opportunity. If you are looking to start your own business for the first time, franchises provide you with the greatest opportunity for success. When you purchase a franchise from the "Franchisor", and become a "Franchisee", you are not only purchasing a business, but a complete business system.
Franchises have over a 90% success rate, compared to about a 15% success rate for those indidviduals starting their own businesses from scratch. Franchises have spent years developing and modifying their systems of doing business, and they pass that "trial and error" knowledge on to their Franchisees. Initial training exists for every aspect of the business, which can last anywhere from 1 to 2 weeks. Training usually takes place at one of the franchises existing locations or their corporate office. Training may consist of the day to day "hands-on" positions required to run the business, to marketing, hiring, purchasing, bookkeeping, management and supervisory techniques.
Assistance is available with "demographic" reports to aid in selecting the right location. Support is also available for lease negotiation and "build outs", if necessary. Pre-opening strategies and marketing materials for newspapers, print-ads, handouts, yellow page advertising, radio and even TV ads are are complete and professional.
During the first few weeks of business the Franchisor may provide its own personel to the Franchisee for assistance and support. This helps ensure a smooth opening. Additionally, once the business is open, a Franchisee will receive ongoing assistance and support from the Franchisor, not to mention support from the other franchisees, all who are all just a phone call away.
Once a year or more Franchise Meetings occur between the Franchisor and their Franchisees to exchange ideas, develop new techniques and startegies, and to compare progress and profits.
All of this is not free, of course. Franchisees normally pay the Franchisor an initial Franchise Fee, plus monthly royalties which can range from 3% - 12% of their total income per month. But it can be well worth it!
In owning a Franchise, you are in business for yourself, but you are not by yourself!
(Copyright 2005-ehbvi-www.businessventureinc.com)
Ernie Horning is a Franchise Consultant and owns multiple businesses. He is also a former franchise owner, and writes articles for http://www.businessventureinc.com
![]() Google News Updated : Sat, 30 Aug 2008 12:25:52 GMT S. Ossetia to be absorbed into Russia - United Press International
United Press International - TSKHINVALI, Georgia, Aug. 30 (UPI) -- South Ossetia says it will become part of Russia and host Russian military bases under a new agreement. Video: UN does have double standards Kremlin announces that South Ossetia will Publ.Date : Sat, 30 Aug 2008 11:01:52 GMT Hurricane Gustav Strengthens, Accelerates, Heads for Cuba, Gulf - Bloomberg
Bloomberg - By Patrick Donahue and Robin Stringer Aug. 30 (Bloomberg) -- Hurricane Gustav strengthened and picked up speed as it headed toward western Cuba and the US Gulf Coast cities ravaged by Katrina and Rita in 2005, after lashing the Cayman Islands with ... Video: Gustav Follows Katrina's Path Some leave Gulf Coast ahead of likely evacuations Publ.Date : Sat, 30 Aug 2008 10:40:06 GMT Comcast to Place a Cap on Internet Downloads - New York Times
New York Times - By BRIAN STELTER Comcast, one of the country’s largest Internet providers, said this week that it would place limits on customers’ broadband usage. Comcast's Answer to ... Critics Question Comcast Broadband Caps Publ.Date : Sat, 30 Aug 2008 09:08:14 GMT Experts: Silver lining for ‘viable’ Mitt Romney - Boston Herald Boston Herald - By Edward Mason Mitt Romney - once a top contender to be John McCain’s running mate - may have suffered a bruised ego when he was passed over for the little known Gov. It's not Pawlenty, it's Palin Pawlenty, after the pick, another day at fair Publ.Date : Sat, 30 Aug 2008 04:13:29 GMT Obama campaign buoyed by convention - Los Angeles Times
Los Angeles Times - He sees an unusually strong jump in support after the carefully choreographed event in Denver. By Peter Nicholas, Los Angeles Times Staff Writer DENVER -- Amy Pearl is the sort of Democrat who made the Barack Obama campaign nervous. Look out, Palin The Hillary factor . . . Hillary supporters aren't bitter; they're concerned Publ.Date : Sat, 30 Aug 2008 07:00:48 GMT US Oil, Gas Producers, Pipelines Brace for Gustav (Update1) - Bloomberg
Bloomberg - By Margot Habiby Aug. 30 (Bloomberg) -- Royal Dutch Shell Plc and BP Plc plan to finish shutting oil and gas production platforms in the Gulf of Mexico and Enbridge Energy Partners LP will close pipelines as Hurricane Gustav gains strength and moves ... More volatility seen with hurricane, payrolls Airlines bounce as oil gives up early gains Publ.Date : Sat, 30 Aug 2008 11:21:02 GMT Sign of the times - BBC News
BBC News - As Russia and the West warn of a new Cold War after the Georgian conflict, the BBC's Humphrey Hawksley in Moscow tries to imagine what it would look like. European Union to Hold Urgent Meeting on Russia last straw" for Russia Publ.Date : Sat, 30 Aug 2008 11:10:28 GMT Amazon RSS |
PARLOT::Ebooks, Scripts,
Websites, and more... Are you ever frustrated or hesitant when you talk to... Read More You run a small consultancy. You're well qualified, experienced and... Read More Purveyors of conventional wisdom would have you believe that the... Read More Entrepreneurs and companies who are seeking venture capital often negotiate... Read More It's very important to get your business name right. You... Read More Bootstrapping in the context of business start-ups refers to the... Read More How you think, your relationship with yourself is what decides... Read More If you've ever received a service today and paid for... Read More Any time you make changes in your life you are... Read More Would you like to find the key that unlocks the... Read More Does the idea of running your own business sound exciting?... Read More The short and simple answer to this question is NO!Now,... Read More Have you ever imagined what it would be like to... Read More Does anyone remember that book "Built to Last" done y... Read More Print off this page, take the quiz and find out... Read More It is a common known fact that it is far... Read More It is paramount that all franchising companies work hard in... Read More I've gotten several questions recently about the legalities of starting... Read More A business owner is thoroughly responsible for their own financial... Read More There are many coating businesses in the market today, but... Read More Okay, I'll begin by telling you that I've been divorced... Read More Q. I was laid off six months ago. Jobs in... Read More Owning a detail shop can be an exciting and rewarding... Read More You are a struggling entrepreneur and sometimes it feels like... Read More When launching a new product or company, an entrepreneur must... Read More
Adsense
websites
Differentiation ? Smart Marketing Strategies for the Solo Entrepreneur
Competing With The Big Dogs
Before the Business Plan
The Term Sheet?s Role in Raising Venture Capital
Business Name - How to Choose One
Starting Your Business: It All Boils Down To Making Money and Saving Money
Think - Dont React
The Magic of Float
Beware the Opposition!
How To Find Hot Online Business Ideas
Entrepreneurial Business Plan The Down And Dirty Way
Does It Really Take Money To Make Money (Online or Offline)? A Reality-Check of 2 Case Studies
3 Essential Elements of Operating a Successful Business
Your Company Needs A Mission Statement; Make It Count
Do You Have What it Takes to be a Successful Entrepreneur?
Double Your Income Automatically
Franchisor Sample Grand Opening Launch for New Franchised Outlets
Starting Your Business By The Book
How Much Risk is Necessary to Grow Your Business?
Coating Service Business Case Study
Face The Fear, Ladies
When Your Business Feels Like an Arranged Marriage
Independent Auto Detail Shop VS Biz Op or Franchise
Walt Disneys Failures Could Inspire Entrepreneurs
An Entrepreneurs Biggest Cost
When you buy a business, you should have a plan.... Read More
As you have shown an interest in starting a business... Read More
Does A Franchise Meet Your Needs?Do you look forward to... Read More
Why do people start small businesses? The most frequently cited... Read More
I would like to give some advice to all the... Read More
Bootstrapping in the context of business start-ups refers to the... Read More
Successful business owners and managers need to be very clear... Read More
1. Do What You LOVE: If you've chosen your business... Read More
Too many people are trying to start their home businesses... Read More
EntrepreneurAn entrepreneur is a man who organizes and manages the... Read More
Becoming a successful entrepreneur in the online world is no... Read More
Successful entrepreneurs have many traits in common. Here are ten... Read More
A lot of people never start businesses because they believe... Read More
As a senior in high school, he paid cash for... Read More
Having built a business from a bucket of water and... Read More
The "spark" for many entrepreneurs is seeing an opportunity that... Read More
Did you ever wonder what happens to all that government... Read More
Have you ever imagined what it would be like to... Read More
DON'T talk to me about education for entrepreneurs. They're pouring... Read More
I recently conducted a lil' survey asking my colleagues what... Read More
Q: I'm thinking about starting a business since that seems... Read More
If you look at those Corporations in franchising today you... Read More
Studying the history of franchise companies is interesting is watching... Read More
I'm sure that you've heard about how many start up... Read More
Purveyors of conventional wisdom would have you believe that the... Read More
Entrepreneur |